Market cap figures today. Who’d have thought it when Steve Jobs returned to Cupertino?
Daily Archives: May 25, 2010
Behind the Digger’s Paywall
The FT has an interesting peek behind the impending Murdoch paywall.
“It looks a lot like a newspaper, which I don’t think we’re apologising for,” said Tom Whitwell, assistant editor of the Times. “The article pages we think are simple and clean, and easy to read.”
He talks of a “news hierarchy”, with fewer stories thrown at the reader than most newspaper websites. “We are not going to show you all the news,” he says, comparing that favourably with “Google News showing you 4,000 versions of the same thing. We are giving you our take on the news.”
The Times’ stories will not be among those 4,000, with not even a headline visible in the Google index (or indeed that of any other search engine). Peculiarly, the existing TimesOnline site will live on after the paywall goes up for an indeterminate time, although it won’t be updated – an admission, perhaps, of how baked into the web its links already are.
The funniest thing in the piece is the burbling of Danny Finkelstein, the engaging Times Comment Editor:
“We can project the Times with all its tradition and iconography, but on the web,” he enthused.
Few of the Times employees presenting their plans used the word ‘paywall’ unprompted. But Mr Finkelstein insisted this barrier would not prevent him from sharing links to his articles on Twitter or cut the newspaper out of a wider online conversation. Rivals without the protection of a paywall “won’t go viral, they will go out of business”, he said.
Although there were hints that extracts might occasionally be visible to non-subscribers in the future, the Times’ content will remain tightly locked up with not even a first paragraph to tease in new customers. This apparently aids the “clarity” of the offering, in contrast to the less binary model offered by the Wall Street Journal and the FT.
“We are unashamed about this,” said Mr Finkelstein. “We are trying to make people pay for the journalism…. I want my employer to be paid for the intellectual property they are paying me for.”
Aw, shucks. It was nice knowing these guys. But I guess they’ll find jobs outside the paywall.
I liked what Steve Hewlett said about it on the Today programme this morning. To paraphrase him, everyone in the newspaper business is cheering them on and hoping it will work — but thinking that it won’t.
tblair@khoslaventures.com – the new tech guy on the block
Truly, you couldn’t make this up.
SAUSALITO, Calif. — Tony Blair, the former British prime minister, is turning his attention to Silicon Valley. Mr. Blair is becoming a senior adviser at Khosla Ventures, the venture capital firm founded by Vinod Khosla, an investor and a proponent of green technology.
Khosla Ventures, which Mr. Khosla founded in 2004 after leaving the venture capital firm Kleiner Perkins Caufield & Byers, made the announcement here on Monday at a meeting of its investors. The firm is investing $1.1 billion in clean technology and information technology companies.
Mr. Blair will offer strategic advice on public policy to the firm’s green portfolio companies. They include Calera, a manufacturer that uses carbon dioxide to create cement products; Kior, which converts biomass like wood chips into biofuels; and Pax Streamline, which aims to make air-conditioning more environmentally friendly.
“The more I studied the whole climate change issue and linking it with energy security and development issues, I became absolutely convinced that the answer is in the technology,” Mr. Blair said in an interview.
You know what this appointment reminds me of? Mike Lynch’s decision to appoint Richard Perle (aka the US Prince of Darkness) to the Board of Autonomy.